The problem with that is that I spoke with a bunch of Real Estate Attorneys that assured me they can and do perform the same services (contract negotiations, advising, etc…) and they do it for a fixed hourly rate as opposed to an equity stake.

Focus on the overall cashflow because maybe for you it only takes 10 properties to retire and for others maybe 20 some might need 5 it all depends on how their portfolio is performing. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Can they perform on their terms?

In your opinion, what amount would you have to have paid out for someone else to perform the work you did?  

You are definitely negative cash flow.Yes, I would consider selling it and moving the money to a property that performs better.

What are the top amenities in the area for the high performing STRs?

However, there doesn’t seem to be (in general) a more consistent performer as to appreciation than the SFR. 

Hi everyone,I’m conducting some research on what impacts the performance of vacation rental properties the most.

I’ve encountered managers who were fantastic in most areas but lacked in one or two key traits, and that was enough to impact the performance of the property.